MPC decided to raise key policy rates by 100 bps

Cairo - Eco - Fady Labib : In its meeting today, the Monetary Policy Committee (MPC) decided to raise the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation by 100 bps to 19.25 percent, 20.25 percent, and 19.75 percent, respectively ...

The inauguration of the 2023 Annual Meetings of the African Development Bank Group in Sharm El Sheikh City

Cairo - Eco - Fady Labib : H.E. President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, privileged today the 2023 Annual Meetings of the African Development Bank Group with his presence ...

Under the Auspices of H.E. President Abdel Fattah El-Sisi .. The Central Bank of Egypt concluded the preparations to host the "Annual Meetings of the African Development Bank Group" in Sharm El-Sheikh

Cairo - Eco - Fady Labib : As part of the state's directives to strengthen cooperation with African nations across all fields, especially on the economic level, the Central Bank of Egypt has completed the preparations to host the Annual Meetings of the African Development Bank Group from May 22nd - 26th 2023, under the theme of “Mobilizing Private Sector Financing for Climate and Green Growth in Africa” ...

The Central Bank of Egypt decides to raise the interest rate by 2%

Cairo – Eco - Fady Labib : The Monetary Policy Committee of the Central Bank of Egypt decided, in its meeting today, to raise the overnight deposit rate, the central bank’s overnight lending rate, and the main operation rate by 200 basis points, to 18.25 percent, 19.25 percent, and 18.75 percent. percent, respectively. The discount rate was raised by 200 basis points to 18.75 percent ...

The Central Bank of Egypt raises interest rates on Egyptian treasury bills

Cairo - Eco - Fady Labib : The Central Bank of Egypt raised interest rates on Egyptian treasury bills for 364 days to 22.126% in today’s auction results from 22% in the previous auction ...

" FinTech Egypt " launches the "FINTEKRS" initiative to encourage startups to develop and implement their innovative financial solutions across all governorates

The Central Bank of Egypt Supports Entrepreneurship and Promotes Innovations in Financial Technology

Cairo - Eco - Fady Labib :  In line with the Central Bank of Egypt’s strides to support and foster entrepreneurship and innovations in financial technology; “ FinTech Egypt ” launched the " FINTEKRS " initiative for FinTech & FinTech enabled startups"...

The Central Bank of Egypt adopts a flexible exchange rate system and raises interest

 

Cairo - Eco - Fady Labib :  The global economy faced multiple shocks and challenges, the likes of which have not been seen in years. Recently, global markets have been subject to the COVID19 pandemic that put the world on lockdown, followed by the Russo-Ukraine conflict, which had dire economic ramifications. Consequently, Egypt weathered large capital outflows and rising commodity prices ...

Central Bank of Egypt : Currency rates / Tuesday 4/13/2021

Currency	Buy	Sell
US Dollar	15.6289	15.7558
Euro	18.5765	18.7337
Pound Sterling	21.4584	21.6375